SOLD
Cash Flow: $610,000
Gross Revenue: $2,000,000
EBITDA: N/A
FF&E: $25,000
Inventory: $10,000
Real Estate: $450,000*
Established: 2012
Business Description
Palm Beach Medicare Business For Sale
Medicare Home Health Agency for sale in Palm Beach County ready for turnkey operation. This agency is CHAP licensed and Medicare certified & can be run as an absentee ownership. There is also a 1,500 sq ft office building available. This business opportunity has been SBA approved; therefore, Buyer can acquire business (and real estate) for as little as 10% down. With over 10,000 people turning 65 each day in America, there will be an estimated 78M people over the age of 65 by the year 2035. There has never been a better time to be in home health care.
Detailed Information
- Location:
- Boynton Beach, FL
- Inventory:
- Included in asking price
- Real Estate:
- Owned
- Not included in asking price
- Building SF:
- 1,500
- Employees:
- 15
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- This is a free-standing building with parking located miles from the beach. This business can be purchased with or without the real estate.
- Competition:
- Competition in the Home Health Care sector in Palm Beach County is strong: however, this business has differentiated itself by aligning its operations with several Assisted Living Facilities (ALFs). In most cases, this business is the only Medicare agency the ALF contracts with. This business has also been in the top 10% of all licensed agencies. In addition to having a strong Medical Director and relationships with many physicians in Palm Beach County. This business also has two strong Business Development Marketers.
- Growth & Expansion:
- The outlook for growth over the next 3-5 years looks strong. Well managed, mid-size agencies like this company, are in perfect position to capitalize on the Baby Boomer generation and especially those 10,000+ people a day that are turning 65 by 20135. Palm Beach County has a lot higher concentration of Medicare beneficiaries then almost any other part of the county and it is growing daily.
- Financing:
- Seller will take a note for up to 10% of the purchase price with agreeable terms.
- Support & Training:
- Seller will train buyer to operate the business for successful transition. Seller will assist buyer in completing and submitting the change of ownership to the agency for health care administration (AHCA) in Tallahassee. Seller will also assist in written transition of business accounts and operations over to new buyer.
- Reason for Selling:
- To pursue other interests.
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